Wedbush Forecasts Oklo’s Q4 Earnings (NYSE:OKLO)

Oklo Inc. (NYSE:OKLO) – Stock analysts at Wedbush issued their Q4 2024 EPS estimates for Oklo in a research note issued to investors on Thursday, December 19th. Wedbush analyst D. Ives forecasts that the company will earn ($0.08) per share for the quarter. Wedbush has a “Outperform” rating and a $26.00 price target on the stock. The consensus estimate for Oklo’s current full-year earnings is ($0.59) per share. Wedbush also issued estimates for Oklo’s Q1 2025 earnings at ($0.09) EPS, Q2 2025 earnings at ($0.09) EPS, Q3 2025 earnings at ($0.08) EPS, Q4 2025 earnings at ($0.08) EPS, FY2025 earnings at ($0.34) EPS, Q1 2026 earnings at ($0.08) EPS, Q2 2026 earnings at ($0.08) EPS, Q3 2026 earnings at ($0.07) EPS and FY2026 earnings at ($0.30) EPS.

A number of other equities analysts also recently commented on the company. Seaport Res Ptn upgraded Oklo to a “hold” rating in a research note on Friday, September 6th. B. Riley assumed coverage on Oklo in a report on Thursday, September 19th. They issued a “buy” rating and a $10.00 price target for the company. Finally, Citigroup reduced their price objective on Oklo from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 24th.

Oklo Price Performance

OKLO opened at $22.02 on Monday. The company has a 50-day moving average of $20.73 and a 200-day moving average of $12.52. Oklo has a 1-year low of $5.35 and a 1-year high of $28.12.

Insiders Place Their Bets

In other Oklo news, CEO Jacob Dewitte sold 230,569 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $21.61, for a total value of $4,982,596.09. Following the sale, the chief executive officer now directly owns 12,543,085 shares in the company, valued at approximately $271,056,066.85. This trade represents a 1.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 21.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Oklo

A number of large investors have recently modified their holdings of OKLO. DRW Securities LLC bought a new position in Oklo in the 3rd quarter worth about $404,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Oklo during the third quarter worth approximately $135,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Oklo in the 3rd quarter worth approximately $104,000. Portland Investment Counsel Inc. acquired a new stake in Oklo in the 3rd quarter valued at approximately $6,493,000. Finally, Atom Investors LP bought a new stake in Oklo during the 3rd quarter valued at $657,000. Institutional investors and hedge funds own 85.03% of the company’s stock.

About Oklo

Oklo Inc designs and develops fission power plants to provide reliable and commercial-scale energy to customers in the United States. It also provides used nuclear fuel recycling services. The company was founded in 2013 and is based in Santa Clara, California.